FIELD ACTIVITIES / Renco Resources Drilling Update
RENCO RESOURCES INC.
CANADIAN DEALING NETWORK SYMBOL: RNRS
APRIL 23, 1998
Renco Resources Announces Drilling Update
CALGARY, ALBERTA--Further to the Company's news release of
December 14, 1997, the Company is pleased to announce successful
completion of the first well drilled on the Renco 2 property in
Oklahoma.
The well was drilled and completed to the Wayside Formation to a
depth of 560 feet, and is currently producing approximately 25
barrels of oil per day.
The second well on the property, also drilled to the Wayside
Formation, is undergoing completion and expected to be in
production shortly.
These wells are the first of a 12-well development program
expected to be completed by July, 1998, and are the first new
wells drilled and completed by the Company.
The Company currently has approximately 21,636,876 shares
outstanding. |
